NSTAR received regulatory approval to launch a green pricing option to its Massachusetts electric customers beginning July 1. While rates are not set yet, NSTAR expects to offer renewable energy to residential customers for 50% of their electricity needs at a premium of about 1.45¢/kWh or for 100% of their electricity needs at a premium of 0.85¢/kWh. The 50% option would cost the average consumer about $4 per month more than standard electricity service, while the 100% option would cost about $7 per month extra. The program, called NSTAR Green, was developed through a collaboration between NSTAR and Massachusetts Attorney General Martha Coakley, the Union of Concerned Scientists, the Conservation Law Foundation and Environment Massachusetts.
To supply the program, NSTAR has signed two 10-year contracts for a total of 60 MW of clean electricity from the Maple Ridge Wind Farm in Upstate New York and TransCanada Corporation for power from the Kibby Wind Power Project currently under development in Maine (PDF 1.0 MB) Download Adobe Reader.
News Release - NSTAR Gets State Approval to Offer Green Power to Customers